Financial Bulletin Cornerstone Worldwide - Gold Resumes Upward Surge

Released on: August 27, 2008, 12:12 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Cornerstone Worldwide welcome latest rebound in the gold
price after biggest weekly slide in 25 years

Press Release Body: Sources close to Cornerstone Worldwide report that news of the
bounce in the price of gold following over-selling last week was greeted by the
Asian based wealth management firm as an encouraging sign that the yellow metal has
solid support at the $780 level.

Gold has been a resounding �buy� in Cornerstone Worldwide notes to investors for
more than 2 years.

Gold futures for December delivery rose $11.30, or 1.4 percent, to $803.40 an ounce
at 11:56 a.m. on the Comex division of the NYMEX. The price has fallen 22 percent
from a record $1,033.90 reached on March 17.

An unnamed source close to strategists at Cornerstone Worldwide said that the firm
expects gold to rise considerably in the long-term as investors come to terms with
what the firm has, in the past, dubbed the �800lb inflation gorilla in the room�.

Cornerstone Worldwide are thought to be convinced that the recent strength in the US
dollar will flag as credit markets and financial continue to display weakness.

Web Site: http://

Contact Details: http://www.cornerstone-worldwide.com

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